CTHRepealedLegislation
AASB 1 - First-time Adoption of Australian Accounting Standards - May 2009
Insurance contractsInsurance contracts
Start here
Get a plain-English read of Insurance contracts
Turn the raw legal text into a practical explanation grounded in AASB 1 - First-time Adoption of Australian Accounting Standards - May 2009.
Insurance contracts
D4 A first-time adopter may apply the transitional provisions in AASB 4 Insurance Contracts, AASB 1023 General Insurance Contracts and AASB 1038 Life Insurance Contracts. AASB 4 restricts changes in accounting policies for insurance contracts, including changes made by a first-time adopter.